A New Version or Edition of a Software Product Is

question 18

Multiple Choice

A new version or edition of a software product is referred to as a software ___________.

• A) upgrade
• B) update
• C) service pack
• D) software patch

Understand the application of occasion segmentation in marketing strategies.

Understand the concept of market segmentation and its importance.

Learn how to evaluate the attractiveness of different market segments.

Identify and apply targeting strategies for market segmentation.

---

Definitions:

Determinant

A factor or variable that causes a change in an economic model or equation, influencing outcomes like price or quantity.

Frank Knight

An economist known for differentiating between risk (measurable uncertainty) and uncertainty (unmeasurable risk), significantly contributing to the field of economics.

Joseph Schumpeter

An Austrian political economist known for his theories on business cycles, economic development, and the concept of creative destruction.

Profit

The difference between total revenue and total cost.